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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 90,326 $ 123,794
Accounts receivable, net of reserves of $3,581 in 2019 and $4,702 in 2018 269,312 248,855
Inventories 195,019 173,303
Other current assets 124,982 108,220
Total current assets 679,639 654,172
Long-Term Assets:    
Property and equipment, net 533,845 437,270
Operating lease right-of-use assets (Notes 2 and 7) 80,607 0
Goodwill 239,724 214,489
Intangible assets, net 58,468 41,825
Other long-term assets 240,192 189,593
Total long-term assets 1,152,836 883,177
TOTAL ASSETS 1,832,475 1,537,349
Current Liabilities:    
Accounts payable 72,172 69,534
Accrued liabilities 322,938 260,683
Line of credit 288,765 398,937
Current portion of deferred revenue 41,462 41,290
Total current liabilities 725,337 770,444
Long-Term Liabilities:    
Deferred income tax liabilities 33,024 29,267
Long-term debt 698,910 601,348
Long-term deferred revenue, net of current portion 48,743 60,697
Long-term operating lease liabilities (Notes 2 and 7) 67,472 0
Other long-term liabilities 81,164 84,826
Total long-term liabilities 929,313 776,138
Total liabilities 1,654,650 1,546,582
Commitments and Contingencies (Note 15)
Stockholders’ Equity (Deficit):    
Common stock, $0.10 par value: Authorized: 120,000 shares; Issued: 105,711 shares in 2019 and 105,087 shares in 2018; Outstanding: 85,471 shares in 2019 and 86,100 shares in 2018 10,571 10,509
Additional paid-in capital 1,213,517 1,138,216
Deferred stock units: Outstanding: 143 units in 2019 and 162 units in 2018 4,462 4,524
Retained earnings 1,595,648 1,167,928
Accumulated other comprehensive loss (46,182) (41,791)
Treasury stock, at cost: 20,240 shares in 2019 and 18,988 shares in 2018 (2,600,543) (2,288,899)
Total IDEXX Laboratories, Inc. stockholders’ equity (deficit) 177,473 (9,513)
Noncontrolling interest 352 280
Total stockholders’ equity (deficit) 177,825 (9,233)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 1,832,475 $ 1,537,349